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Assumptions & Disclaimers

Disclaimer

This is a model, not a prediction

This calculator only gives estimates of regular amounts to save, amounts saved and the time period it will take. We cannot predict things that will affect your decision such as movement in interest rates.

This calculator should not be used as your sole source of information and therefore we recommended that you speak to one of our licensed financial planners about getting advice.

Assumptions

It assumes that you reinvest the interest earned back into the savings account.

It makes no allowance for inflation, you should take future price increases into account when setting your savings goal.

It makes not allowance for tax payable on interest earned or on the sale of any investments.

It makes no allowance for extras such as account or transaction fees

It uses a constant interest rate, which compounds at the same frequency as your repayments.

It assumes that each year is divided into 52 weeks, 26 fortnights and 12 months of equal length and that you make regular savings payments at the start of each period.

This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider you financial situation and needs before making any decisions based on this information.